Himalaya Shipping Ltd. (NYSE:HSHP) Short Interest Up 5.7% in January

Himalaya Shipping Ltd. (NYSE:HSHP) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 503,200 shares, an increase of 5.7% from the January 15th total of 476,000 shares. Based on an average daily volume of 146,400 shares, the days-to-cover ratio is presently 3.4 days. Approximately 1.2% of the company’s shares are sold short.

Himalaya Shipping Trading Up 1.1 %

Shares of HSHP stock traded up $0.06 on Monday, hitting $5.00. The stock had a trading volume of 87,297 shares, compared to its average volume of 136,551. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50 day moving average price is $4.90 and its 200-day moving average price is $6.49. Himalaya Shipping has a 1 year low of $4.48 and a 1 year high of $9.76.

Himalaya Shipping Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Friday, February 21st will be paid a $0.005 dividend. This represents a $0.06 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, February 20th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. 4WEALTH Advisors Inc. acquired a new stake in Himalaya Shipping in the 4th quarter valued at about $333,000. Barclays PLC increased its stake in shares of Himalaya Shipping by 143.3% during the third quarter. Barclays PLC now owns 114,004 shares of the company’s stock worth $987,000 after buying an additional 67,149 shares during the period. JPMorgan Chase & Co. raised its holdings in Himalaya Shipping by 130.7% in the fourth quarter. JPMorgan Chase & Co. now owns 117,767 shares of the company’s stock valued at $572,000 after acquiring an additional 66,713 shares in the last quarter. Marshall Wace LLP lifted its stake in Himalaya Shipping by 317.6% in the fourth quarter. Marshall Wace LLP now owns 76,951 shares of the company’s stock worth $374,000 after acquiring an additional 58,526 shares during the last quarter. Finally, Citadel Advisors LLC grew its holdings in Himalaya Shipping by 57.0% during the 4th quarter. Citadel Advisors LLC now owns 130,118 shares of the company’s stock worth $632,000 after acquiring an additional 47,231 shares in the last quarter. Institutional investors and hedge funds own 22.33% of the company’s stock.

About Himalaya Shipping

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.